SPBC vs. GBTC
Compare and contrast key facts about Simplify US Equity PLUS GBTC ETF (SPBC) and Grayscale Bitcoin Trust (BTC) (GBTC).
SPBC is an actively managed fund by Simplify Asset Management Inc.. It was launched on May 24, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SPBC or GBTC.
Correlation
The correlation between SPBC and GBTC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
SPBC vs. GBTC - Performance Comparison
Key characteristics
SPBC:
2.08
GBTC:
1.51
SPBC:
2.72
GBTC:
2.15
SPBC:
1.37
GBTC:
1.26
SPBC:
3.30
GBTC:
2.29
SPBC:
12.66
GBTC:
5.66
SPBC:
2.66%
GBTC:
15.55%
SPBC:
16.18%
GBTC:
57.91%
SPBC:
-33.81%
GBTC:
-89.91%
SPBC:
-5.27%
GBTC:
-9.73%
Returns By Period
In the year-to-date period, SPBC achieves a -0.19% return, which is significantly lower than GBTC's 3.31% return.
SPBC
-0.19%
-4.71%
7.50%
34.31%
N/A
N/A
GBTC
3.31%
-5.32%
32.19%
98.21%
51.33%
N/A
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Risk-Adjusted Performance
SPBC vs. GBTC — Risk-Adjusted Performance Rank
SPBC
GBTC
SPBC vs. GBTC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity PLUS GBTC ETF (SPBC) and Grayscale Bitcoin Trust (BTC) (GBTC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
SPBC vs. GBTC - Dividend Comparison
SPBC's dividend yield for the trailing twelve months is around 0.99%, while GBTC has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SPBC Simplify US Equity PLUS GBTC ETF | 0.99% | 0.98% | 3.79% | 0.60% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% |
GBTC Grayscale Bitcoin Trust (BTC) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.23% |
Drawdowns
SPBC vs. GBTC - Drawdown Comparison
The maximum SPBC drawdown since its inception was -33.81%, smaller than the maximum GBTC drawdown of -89.91%. Use the drawdown chart below to compare losses from any high point for SPBC and GBTC. For additional features, visit the drawdowns tool.
Volatility
SPBC vs. GBTC - Volatility Comparison
The current volatility for Simplify US Equity PLUS GBTC ETF (SPBC) is 5.68%, while Grayscale Bitcoin Trust (BTC) (GBTC) has a volatility of 15.46%. This indicates that SPBC experiences smaller price fluctuations and is considered to be less risky than GBTC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.